
30 December 2024 | 15 replies
.✅ Secondly, good cause has a max cap on yearly rental increases at a certain margin above CPI or 10%, whichever is less.For those of you who own stabilized, high quality housing like we do, this shouldn’t be a problem.But instead of keeping rents flat because you are a nice person or increasing just a little bit, you could get yourself in trouble when it comes to funding future major repairs and capital expenditures.As long as you are increasing to what the market will bear, you will be in good shape.Also if you are looking at purchasing blighted, dilapidated housing with the intent of raising rents and financing improvements to the property, you will have to take this into consideration and buy accordingly and on in place rents not projected rents.On the implementation side, however that pans out, you might be able to get these necessary rent increases to finance repairs but you may need to go to housing court in order to get the green light but we are just not sure at this point and remains to be seen.✅ Thirdly, in regard to objectionable tenancy and nuisance caused by disruptive tenants, you will need to document these violations with undeniable evidence.Because police reports are not usually able to be procured due to disturbances like drug trafficking or domestic violence, you’ll need to take matters into your own hands on producing that documentation.I recommend getting security cameras installed in all common areas and outside your properties.I’ve used SimpliSafe security cameras but you’ll need to install WiFi service at your properties so that you can maintain recordings in the event of violations and add to your lease that any tampering with said cameras constitutes a lease violation as well.This is still developing and once we get further clarity, we will host a round table with legal experts on how to best protect our properties and residents.

6 January 2025 | 11 replies
The fees for a refinance / cashout would be ridiculous compared to the amount of money you're seeking.

2 January 2025 | 9 replies
I strongly recommend against people buying real estate with zero money.

30 December 2024 | 103 replies
No draws buy it sell it make the money..

2 January 2025 | 1 reply
I tied up $65k of my investment money for 3 years and sold a property after a judgement for a 5.8% return.

5 January 2025 | 4 replies
While sophistication of your equity partners (private money lenders) will vary between residential and commercial, the principle of raising private capital is the same.You need to develop your own system which allows a constant stream of PML even when you don't need the funds and/or don't have an active deal under contract.For example; I raise private capital by offering free educational workshops for people with self-directed IRAs.

4 January 2025 | 2 replies
Selling makes agents money and the IRS if you don''t 1031, it's almost always better to re-leverage instead.

4 January 2025 | 2 replies
A better comparison is to compare your potential real estate investment to whatever else you might do with the money.

4 January 2025 | 0 replies
We used $100k of private money and the rest was personal cash.

3 January 2025 | 2 replies
@Cody Baum - Can you become an investor focused agent and get practice in real estate without it being your own money?